10:40 am: Many doubters on the way to success, so what has happened in the last 4 years in Solazyme and in the industry?

10:41 am: Integrated biorefinery was a dream: while building up, envisioned bioproduction and industrial fermentation, combined with refining.

10:43 am: We’re funded and being built. Both parts are a huge accomplishment.

10:45 am: Jet fuel has gone from technically existent to being deployed all over the world, privately and publicly.

10:47 am: Over 90% of funding raised is private– Solazyme is not a “handout” company, although a small portion of funding does come from government.

10:48 am: California-based cellulosic fuels also in development.

10:49 am: Solazyme is focused on developing fuels to deployed for fleets as opposed to consumer fuels. However, partnering with Propel for a B20 blend with 100% algae-derived fuel, majority of Bay Area stations.

10:50 am: In order to sell fuels, you have to be there at the end. Diversified products are important, important to be in many markets as long as production is possible. End goal is to be commercial in all of them.